Commercial Property Appraisals
Our commercial property appraisal services at Analytic Real Estate Services are designed to meet the unique needs of business owners, investors, and lenders. Whether you own an office building, retail space, or industrial property, our certified appraisers deliver accurate and detailed valuations that support your business decisions. We consider factors such as location, income potential, zoning regulations, and market trends to ensure that your commercial property is valued appropriately in the current market.
Commercial real estate transactions require a deep understanding of market dynamics and property-specific factors. At Analytic Real Estate Services , we provide thorough commercial property appraisals that help you maximize the value of your investment. Our experienced appraisers work with you to understand your goals and deliver timely reports that meet your needs, whether for financing, tax purposes, or estate planning. Trust us to provide the insights you need for your commercial real estate ventures.
Typical Needs Listing for Doing Appraisal
1. Complete Property Name and address including ZIP code.
2. Summary description of the improvements. Example: 2-story garden apartment
containing 100-units in fifteen buildings. Include any amenities such as swimming pool, spa, tennis courts, and laundry facilities.
3. Assessor parcel number(s) and current real estate tax bill(s); need assessed value of land and improvements, special assessments and tax area.
4. If Existing, Trailing Income and Expense statement for the most current calendar year, plus prior year trailing income and expense statement for complete 12-months. One year prior to this is for added concern related to reason for the appraisal. Be specific as to the billing and payment for all utilities, and is there RUBS.
5. If Proposed, Proforma Income and Expense Statement as if stabilized, and break-out of unit mix and rent by type of floor plan. Should have projected Net Operating Income.
6. If Existing, Current Rent Roll, including lease commencement date, and term end date. Show occupancy by units and percentage. Break-out any garage rentals from the apartment unit rentals.
7. Site Plan, and typical building elevations. If possible, key pages from blue line plans drawings.
8. Unit count by floor plan type (1 bedroom/1 bath) to summarize the total apartment units; need to match the number of all floor plan types so as to confirm the total rentable square foot area. Then confirm how many of each floor plan type is in each of the apartment buildings within the project. Define unit access such as “interior corridor” or “exterior walk-way”.
9. Diagram of each apartment floor plan type with the name and square foot size.
10. Each Building elevation drawing.
11. Words description of the type of construction and specifications.
12. Parking space count and allocation: open, covered, car port, or garage.
13. Preliminary Title Report or Title Insurance Policy, with plat map and the legal description.
14. Brief history of current ownership, and exact name of the current ownership entity.
15. If Existing, discussion of any recent capital improvements; note when was the expenditure and was it booked as an operating expense.
16. Photographs of property.
17. Date when the construction was completed and has there been any significant upgrading or refurbishment.
18. Reason for appraisal, and is there any pending sale.
19. Contact information for inspection.
HUD Property Existing:
20. Most current HAP contract if applicable.
21. Rent Schedule Low Rent Housing, form HUD-92458 – Apartment Rents
22. Rent Roll definition as to rent paid by tenant and rent paid by Housing Assistance payments.
23. Most recent REIC report if applicable.
24. Most recent audited financial statement.
HUD Proposed Property:
25. Disbursement model for entire construction period at assumed interest rate.
26. Disbursement model from construction completion to full stabilization at assumed
interest rate.
Commercial real estate transactions require a deep understanding of market dynamics and property-specific factors. At Analytic Real Estate Services , we provide thorough commercial property appraisals that help you maximize the value of your investment. Our experienced appraisers work with you to understand your goals and deliver timely reports that meet your needs, whether for financing, tax purposes, or estate planning. Trust us to provide the insights you need for your commercial real estate ventures.
Typical Needs Listing for Doing Appraisal
1. Complete Property Name and address including ZIP code.
2. Summary description of the improvements. Example: 2-story garden apartment
containing 100-units in fifteen buildings. Include any amenities such as swimming pool, spa, tennis courts, and laundry facilities.
3. Assessor parcel number(s) and current real estate tax bill(s); need assessed value of land and improvements, special assessments and tax area.
4. If Existing, Trailing Income and Expense statement for the most current calendar year, plus prior year trailing income and expense statement for complete 12-months. One year prior to this is for added concern related to reason for the appraisal. Be specific as to the billing and payment for all utilities, and is there RUBS.
5. If Proposed, Proforma Income and Expense Statement as if stabilized, and break-out of unit mix and rent by type of floor plan. Should have projected Net Operating Income.
6. If Existing, Current Rent Roll, including lease commencement date, and term end date. Show occupancy by units and percentage. Break-out any garage rentals from the apartment unit rentals.
7. Site Plan, and typical building elevations. If possible, key pages from blue line plans drawings.
8. Unit count by floor plan type (1 bedroom/1 bath) to summarize the total apartment units; need to match the number of all floor plan types so as to confirm the total rentable square foot area. Then confirm how many of each floor plan type is in each of the apartment buildings within the project. Define unit access such as “interior corridor” or “exterior walk-way”.
9. Diagram of each apartment floor plan type with the name and square foot size.
10. Each Building elevation drawing.
11. Words description of the type of construction and specifications.
12. Parking space count and allocation: open, covered, car port, or garage.
13. Preliminary Title Report or Title Insurance Policy, with plat map and the legal description.
14. Brief history of current ownership, and exact name of the current ownership entity.
15. If Existing, discussion of any recent capital improvements; note when was the expenditure and was it booked as an operating expense.
16. Photographs of property.
17. Date when the construction was completed and has there been any significant upgrading or refurbishment.
18. Reason for appraisal, and is there any pending sale.
19. Contact information for inspection.
HUD Property Existing:
20. Most current HAP contract if applicable.
21. Rent Schedule Low Rent Housing, form HUD-92458 – Apartment Rents
22. Rent Roll definition as to rent paid by tenant and rent paid by Housing Assistance payments.
23. Most recent REIC report if applicable.
24. Most recent audited financial statement.
HUD Proposed Property:
25. Disbursement model for entire construction period at assumed interest rate.
26. Disbursement model from construction completion to full stabilization at assumed
interest rate.